Understanding the power of compounding interest and maximizing your investments are essential to achieving financial success. With numerous investment strategies available today, navigating the world of finance can be overwhelming for even the most seasoned investor.

It can calculate both simple and compound interest rates. The formula works by dividing 72 by the annual rate of return, resulting in the number of years it would take for an investment to double its original value. 

This calculation can be made for both simple and compound interest rates, meaning that investors can access more accurate ROI projections than if only a single interest rate were available for consideration.